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By Jennifer Mailhes, Managing Director, Doeren Mayhew Capital Advisors
As many businesses are learning from the current Coronavirus (COVID-19) emergency, unexpected disruptions can happen at any moment. A major concern that immediately arises for business owners is how to effectively manage cash flow during this period of uncertainty.
A helpful tool to consider during a major disruption is a 13-week cash flow forecast, which can be used to locate areas in which to cut costs, develop new ways to handle challenges, understand the impact of continued costs, and more. Utilizing this tool also empowers business owners to modify their plans as things continue to change with the current economy.
Our affiliate, Doeren Mayhew Capital Advisors, further explores 13-week cash flow forecasts, including the benefits of creating one and providing an example template. To read the full article, click here.
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